Flexible Flex and Light
1424 S Main St Los Angeles, CA 90015
For Sale
Contact for pricing
Vacant flex space offered for sale with a layout suitable for retail, creative office, or light industrial use.
Property Size6,468 SF
Price / SF$286.02
Days on Market125
Property Features for 1424 S Main St
General Information
Standard status
Active
Size
6,468 SF
Property subtype
RETAIL
Listing Agency:
CBRE - Downtown Los Angeles
(626) 676-7003
Listed By:
Derrick Moore · License #1029938
(626) 676-7003
Source:
Moodyscre
Added: Mar 27
Changed: Jul 28
Last Checked: Jul 28 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Downtown Los Angeles
Investment Insights
Based on property information with market context.
Offered for sale as a flexible-use property delivered vacant for immediate occupancy. The space is described as being well-suited for retail, creative office, or light industrial use, making it compatible with a range of owner-user and tenant scenarios.
Located at 1424 S Main St in downtown Los Angeles, positioned within DTLA’s core as characterized in the remarks.
The flexible layout and vacant delivery support straightforward customization for an owner-operator looking to occupy the space themselves.
Located at 1424 S Main St in downtown Los Angeles, positioned within DTLA’s core as characterized in the remarks.
The flexible layout and vacant delivery support straightforward customization for an owner-operator looking to occupy the space themselves.
Key Highlights
- Vacant flex space delivered vacant, ready for immediate occupancy
- Flexible layout suited for retail use
- Flexible layout suited for creative office use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $251.5k | $38.88 |
| − Vacancy | −$46.8k | −$7.23 |
| EGI | $204.7k | $31.65 |
| − OpEx | −$51.2k | −$7.91 |
| NOI | $153.5k | $23.74 |
6,468 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,526 @ 7.0% cap · market cap 8.30%
Second Best
Retail
$2.14M
$1.88M – $2.50M
NOI $150,104 @ 7.0% cap · market cap 8.11%
Theoretical Best
Multifamily LT 5
$131.04M
$114.66M – $152.88M
NOI $9,172,646 @ 7.0% cap · market cap 495.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- El Guero Food truck — 1013 crocker st, los angeles, ca 90021
- Four Seasons Catering — 1300 San Pedro St Suite 210, Los Angeles, CA 90015
- Caters 4 you — 796 E 14th Pl, Los Angeles, CA 90021
- Green Grace LA — 1225 E Washington Blvd Suite A, Los Angeles, CA 90021
- Picky Doggy Food Trucks — 406 E 12th St, Los Angeles, CA 90015
Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex space offered for sale with a layout suitable for retail, creative office, or light industrial use.
Where is this flex space located?
The property is located at 1424 S Main St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Vacant flex space delivered vacant, ready for immediate occupancy; Flexible layout suited for retail use; Flexible layout suited for creative office use
